Commercial Metals Company Announces Quarterly Dividend of $0.16 Per Share

Rhea-AI Summary

The board of directors of Commercial Metals Company (NYSE: CMC) declared a quarterly cash dividend of $0.16 per share on March 21, 2023. This marks CMC's 234th consecutive quarterly dividend. The dividend payment is scheduled for April 12, 2023, to shareholders of record as of the close of business on April 3, 2023.

CMC operates multiple facilities, including seven electric arc furnace mini mills and metal recycling plants in the U.S. and Poland, providing steel and metal products, along with ground stabilization solutions through its Tensar operations.

Positive

• Declared a quarterly dividend of $0.16 per share, providing income for shareholders.
• Continues a strong track record with the 234th consecutive quarterly dividend.

Negative

• None.

News Market Reaction – CMC

-3.34%

-3.34% Session move

In the trading session that priced this news, CMC declined 3.34%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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IRVING, Texas, March 22, 2023 /PRNewswire/ -- Yesterday, March 21, 2023, the board of directors of Commercial Metals Company (NYSE: CMC) ("CMC") declared a regular quarterly cash dividend of $0.16 per share of CMC common stock. CMC's 234th consecutive quarterly dividend will be paid on April 12, 2023, to stockholders of record as of the close of business on April 3, 2023.

About Commercial Metals Company

CMC and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace ("EAF") mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses and metal recycling facilities in the United States and Poland. Through its Tensar operations, CMC is a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through two major product lines: Tensar® geogrids and Geopier® foundation systems.

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SOURCE Commercial Metals Company

FAQ

What is the dividend amount declared by CMC in March 2023?

The dividend amount declared by CMC is $0.16 per share.

When will CMC's dividend be paid?

CMC's dividend will be paid on April 12, 2023.

What is the record date for CMC's dividend?

The record date for CMC's dividend is April 3, 2023.

How many consecutive quarters has CMC paid dividends?

CMC has paid dividends for 234 consecutive quarters.